Swiss Federal Council Unveils 2010 Objectives

by Ulrika Lomas, Tax-News.com, Brussels

26 November 2009

It has recently emerged that the Swiss Federal Council has adopted its objectives for 2010, which, in accordance with the political agenda for the 2007-2011 legislature, centre around five key guidelines: strengthening the Swiss economy; guaranteeing security; strengthening social cohesion; utilizing resources in a bid to achieve sustainable development; and consolidating the position of Switzerland in a globalized world.

The Federal Chambers on September 18, 2008 adopted a decree in support of these guidelines. They also highlighted the fact that the measures taken by the Confederation to strengthen the Swiss economy should serve to benefit job creation and to improve the quality of employment.

The focus is to remain on overcoming the economic crisis and resuming growth, which are the priority areas for 2010.

The Federal Council’s decision to adopt consolidation measures within the financial sector and measures designed to stabilize the economy, have successfully limited the predicted increase in unemployment, it has also emerged.

Nevertheless, further measures to combat unemployment will be examined if the situation regarding the labour market deteriorates, although latest forecasts do not suggest that this is likely.

Otherwise, the country’s economic policy will concentrate on strengthening growth. Indeed, in order to boost the economy, the state will inevitably need to curb the evolution of debt.

Once the economy has stabilized, the budget will need to be consolidated, according to the Swiss authorities. The Federal Council has also announced its intention to closely follow the international debate on financial systems and taxation.

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